Istanbul, January 22, 2019: RateGain Technologies, the leader in providing innovative price intelligence and revenue management solutions for travel and hospitality industries, today announced its association with Visible Hotels, a leading hotel consulting firm based out of Istanbul, to make available its complete suite of solutions to the growing number of hotels in Istanbul. Under the partnership, Visible Hotels would be the regional partners of RateGain and would represent the company in Istanbul by offering their wide range of solutions – Unity, RezGain, RevGain, and Optima – to the city’s hotels, thereby enabling them to expand their reach in the region.
Unity is RateGain’s all-in-one revenue management solution, which efficiently manages all important functions of a hotel including inventory management, online reputation management, distribution, and pricing, all through a single interface. RezGain is the company’s superior cloud-based channel management solution, which helps hotels in the seamless distribution of rates and inventory online, thereby ensuring rate parity. RevGain is an expert pricing and revenue optimization offering by RateGain which helps hotels maximize their yields and generate a high RevPar. Optima is the company’s powerful price intelligence and rate shopping tool which enables hotels to efficiently optimize rates and take efficient pricing decisions. The use of these new age tools would help the hotels of Istanbul drive higher levels of efficiency and ultimately achieve the goal of revenue maximization.
According to Apurva Chamaria, Chief Revenue Officer, RateGain Technologies, “The city of Istanbul has risen to become one of the world’s leading tourist destinations, which has recently witnessed the highest increase in hotel occupancy rates among all European destinations. Making our solutions available to the widespread hospitality industry of the region was more than a necessity, and our partnership with Visible Hotels would allow us to do that. We look forward to the association, and aim to help hotels in Istanbul operate in a better way and make more revenue.”
According to Bora Yildirim, Founder, Visible Hotels, “We are proud to be chosen as the preferred partner of RateGain. Before collaborating with a Revenue Management partner, we did our bit of research. We received very good feedback from the market about RateGain. They have strong credibility in the market and are known for their next generation revenue management solutions. Visible Hotels has a robust presence in Istanbul and we are well-networked with all the hotels here, with the partnership we hope to empower hotels here and make them move towards the goal of revenue maximization.”
Visible Hotels is a leading consulting firm in Istanbul, Turkey, that provides specialized consultancy services to hotels to enhance their image, globalization opportunities, and profitability. The company was set up to with an aim to help hotels increase their revenue and market share over the period of time. It focuses on the hotels’ strengths along with the most critical issues to determine their current needs at any given point of time. It then suggests appropriate solutions and market strategies that enable revenue-led growth.
RateGain is the #1 provider of SaaS products, which help travel, and hospitality companies make more revenue every day. RateGain offers products, which help with rate intelligence, cognitive revenue management, smart e-distribution, and brand engagement. RateGain is proud to support 500,000+ hotel properties globally impacting 13 Bn $ revenue by providing 240 billion rate and availability updates & powering over 30 Million bookings. RateGain is trusted by 25 out of the top 30 OTAs, tour operators and wholesalers, 23 of the top 30 hotel chains, 7 out of the top 10 car rental companies, top 5 cruise lines, and many leading airlines worldwide. In 2018, RateGain acquired DHISCO, which made it the only company in the world to offer end-to-end smart distribution.
For more information, visit www.rategain.com
RateGain Media Contact:
Aditi Bhandari, Senior Manager Marketing
Certain statements in this release are forward-looking statements, which involve some risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words ‘planned,’ ‘expects,’ ‘believes,’’ strategy,’ ‘opportunity,’ ‘anticipates,’ ‘hopes’ or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, data services and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptance of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages.